Since the beginning of the credit crunch, there has been a dramatic fall in the number of available personal loan products on the market, as lenders have struggled to raise funds for new loans through the wholesale money markets, as well as taking a far more cautious approach towards lending to individuals, with a much [...]
Following the plans announced by HM Treasury to widen the regulation which is controlled by the Financial Services Authority (FSA) under its proposed Mortgage Market Review (MMR), there has been a mixed reaction from various experts in the financial services industry, particularly in the secured loans and mortgage sectors.
Whilst many industry experts and trade groups [...]
The credit crunch has taken its toll on the lending market as a whole, but particularly on those loan companies and lenders which offered loans in specialist areas, with many lenders limiting their products or withdrawing from the loan market altogether and some completely closing down.
But as we slowly start to see the beginnings of [...]
Over the course of the past two years, we have seen several secured loan and home owner loan companies disappear from the market place altogether and many others withdraw their loan products due to a lack of wholesale funding, caused by the effects of the credit crunch.
Many specialist lenders have seen high default rates and [...]
The Financial Services Authority (FSA) published its long awaited review into mortgage and home owner loan regulation yesterday (Monday 19th October), along with its proposals for new rules and regulations for those working in the home owner loan sector.
The newly proposed regulations are designed to protect borrowers from being allowed to take out loans which [...]
If someone were to ask which lender had the highest level of arrears on its loan book, most people would probably say the Northern Rock and although that would be a reasonable assumption, they would be wrong.
The Principality building society has just issued figures which show that 8.79 per cent of the total secured loan [...]
Just when things were starting to look slightly more positive for the loan industry in general, there was more bad news for those individuals working in the secured loan industry earlier this week, as Cattles announced that it was planning to close 30 of its financial services branches and offices across the UK, with the [...]
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